Bridge Development Secures $13.46M Construction Loan For Bridge Point FLL Logistics Center
Bridge Development Partners, one of South Florida’s most active industrial real estate developers, today announced it has secured $13.46M in financing to develop its Bridge Point FLL Logistics Center project (pictured left – click on the image to enlarge) in Fort Lauderdale. The speculative, two-building, 174,129-square-foot logistics facility, located at 3303 S.W. 12 Avenue at Fort Lauderdale–Hollywood International Airport, is slated for completion in 3Q 2019.
The loan was issued by Wells Fargo and secured by Steve Roth of CBRE’s Debt & Structured Finance team and will cover the development of the strategically located, 10.2-acre site, acquired by Bridge Development in June.